{"id":621229,"date":"2018-11-04T05:08:29","date_gmt":"2018-11-04T05:08:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/"},"modified":"2018-11-04T05:08:29","modified_gmt":"2018-11-04T05:08:29","slug":"mineral-resources-act-will-focus-on-value-added-minerals","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/","title":{"rendered":"Mineral Resources Act will focus on \u201cvalue-added\u201d minerals"},"content":{"rendered":"

LEGISLATION WATCH- Mineral Resources Act will focus on \u201cvalue-added\u201d minerals:<\/strong> The amendments to the Mineral Resources Act reflects a desire by the government to focus on resources that can be refined, used for industry or move up the value chain, Oil Minister Tarek El Molla said on Thursday. Speaking at a workshop on the amendments, El Molla reiterated that part of the objectives of the mining sector reforms was to make the industry attractive to both domestic and foreign players, according to AMAY<\/a>, which noted little of what said about the fine print of the law. El Molla had said last month<\/a> that the amendments to the act would be presented to the House of Representatives in three months.<\/p>\n

Why the private sector loves the new reforms:<\/strong> Previous reports<\/a> indicate that the reforms will see Egypt scrap the current oil-and-gas-style production sharing agreement and move to a tax, rent and royalty model \u2014 and eliminate the requirement of a 50:50 JV with EMRA. The bill is also expected to allow exploration companies to acquire exploration ground without first obtaining exploration licenses. The amendments have received the overwhelming support of the industry, with top execs at Aton Resources, Thani Stratex Resources and Resolute Egypt signing an exclusive op-ed for Enterprise praising<\/a> the reforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Mineral Resources Act will focus on \u201cvalue-added\u201d minerals: The amendments to the Mineral Resources Act reflects a desire by the government to focus on resources that can be refined, used for industry or move up the value chain, Oil Minister Tarek El Molla said on Thursday. Speaking at a workshop on the amendments, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[3626,72,180,3688,2380,195,11901],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621229","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-aton-resources","tag-enterpriseam","tag-legislation","tag-mineral-resources-act","tag-speed-round","tag-tarek-el-molla","tag-thani-stratex-resources","wpautop","entry"],"acf":{"mongo_id":"b2dd18e5-60af-4fe7-b73f-c3661cd98cf8","order":"0","is_powered_by":true,"section_story_id":"34503f00-5e70-452d-8efa-b46f3acbb1b6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621212],"teaser":"","voice_url":""},"yoast_head":"\nMineral Resources Act will focus on \u201cvalue-added\u201d minerals - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mineral Resources Act will focus on \u201cvalue-added\u201d minerals\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Mineral Resources Act will focus on \u201cvalue-added\u201d minerals: The amendments to the Mineral Resources Act reflects a desire by the government to focus on resources that can be refined, used for industry or move up the value chain, Oil Minister Tarek El Molla said on Thursday. Speaking at a workshop on the amendments, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-04T05:08:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mineral Resources Act will focus on \u201cvalue-added\u201d minerals\",\"datePublished\":\"2018-11-04T05:08:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Aton Resources\",\"EnterpriseAM\",\"legislation\",\"Mineral Resources Act\",\"SPEED ROUND\",\"Tarek El Molla\",\"Thani Stratex Resources\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/\",\"name\":\"Mineral Resources Act will focus on \u201cvalue-added\u201d minerals - 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